Tredje AP fonden Has $12.57 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Tredje AP fonden lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 379.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,670 shares of the company's stock after acquiring an additional 55,130 shares during the quarter. Tredje AP fonden's holdings in Zscaler were worth $12,569,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versor Investments LP lifted its holdings in Zscaler by 12.9% in the third quarter. Versor Investments LP now owns 1,282 shares of the company's stock valued at $219,000 after buying an additional 146 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Zscaler by 2.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 218,116 shares of the company's stock worth $37,285,000 after purchasing an additional 4,330 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Zscaler by 5.1% in the 3rd quarter. Kovack Advisors Inc. now owns 2,117 shares of the company's stock worth $362,000 after purchasing an additional 103 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in Zscaler by 19.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 1,973 shares of the company's stock valued at $337,000 after purchasing an additional 327 shares during the last quarter. Finally, Pier 88 Investment Partners LLC bought a new stake in Zscaler in the third quarter valued at about $340,000. Institutional investors and hedge funds own 46.45% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley initiated coverage on Zscaler in a research note on Tuesday. They issued an "equal weight" rating for the company. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the company a "neutral" rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group upped their price objective on shares of Zscaler from $220.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, Scotiabank reiterated a "sector outperform" rating and set a $242.00 target price (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.06.

Zscaler Trading Down 0.5 %

NASDAQ:ZS traded down $1.06 on Tuesday, hitting $201.59. The company's stock had a trading volume of 1,610,846 shares, compared to its average volume of 1,870,261. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The firm has a market capitalization of $31.19 billion, a P/E ratio of -806.36 and a beta of 0.88. The stock has a fifty day moving average of $198.42 and a two-hundred day moving average of $191.63.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.